{"id":18086,"date":"2016-09-05T10:44:28","date_gmt":"2016-09-05T05:14:28","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=18086"},"modified":"2016-09-05T10:44:28","modified_gmt":"2016-09-05T05:14:28","slug":"monday-5th-september-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-ch-asia.com\/blog\/monday-5th-september-european-open-briefing\/","title":{"rendered":"Monday 5th September: European Open Briefing"},"content":{"rendered":"<h4>\n\t<strong>Global Markets:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAsian stock markets: Nikkei up 0.95 %, Shanghai Composite gained 0.20 %, Hang Seng rose 1.60 %, ASX 200 rallied 1.10 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1328 (-0.05 %), Silver at $19.43 (-0.20 %), WTI Oil at $44.20 (+0.15 %), Brent Oil at $46.65 (-0.45 %)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 1.61, UK 10 year yield at 0.72, German 10 year yield at -0.05\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tChina Caixin Services PMI (Aug): 52.1 (prev 51.7)\n\t<\/li>\n<li>\n\t\tChina Caixin Composite PMI (Aug): 51.8 (prev 51.9)\n\t<\/li>\n<li>\n\t\tUK BRC Shop Price Index (YoY, Aug): -2.0% (prev 1.60%)\n\t<\/li>\n<li>\n\t\tAustralia AIG Perf of Services (Aug): 45 (prev 53.9)\n\t<\/li>\n<li>\n\t\tAustralia Melbourne Institute Inflation (MoM, Aug): 0.20% (prev -0.30%)\n\t<\/li>\n<li>\n\t\tAustralia Melbourne Institute Inflation (YoY, Aug): 1.20% (prev 1.00%)\n\t<\/li>\n<li>\n\t\tAustralia Business inventories (QoQ, Q2): 0.30% (est 0.30%, prev 0.40%)\n\t<\/li>\n<li>\n\t\tAustralia ANZ Job Adverts (Aug): 1.80% (prev -0.80%)\n\t<\/li>\n<li>\n\t\tAustralia Company Gross Operating Profits (QoQ, Q2): 6.90% (est 2.00%, prev -4.70%)\n\t<\/li>\n<li>\n\t\tAustralia Business inventories (QoQ, Q2): 0.30% (est 0.30%, prev rev -0.40%)\n\t<\/li>\n<li>\n\t\tJapan Average Cash Earnings (YoY, Jul): 1.40% (est 0.40%, prev 1.40%)\n\t<\/li>\n<li>\n\t\tJapan Real Cash Earnings (YoY, Jul): 2.00% (est 0.70%, prev 2.00%)\n\t<\/li>\n<li>\n\t\tJapan Overtime Pay (YoY) (YoY, Jul): -1.80% (prev -0.10%)\n\t<\/li>\n<li>\n\t\tJapan Nikkei Services PMI (Aug): 49.6 (prev 50.4) JN Nikkei Composite PMI (Aug): 49.8 (prev 50.1)\n\t<\/li>\n<li>\n\t\tNew Zealand ANZ Commodity Prices (Aug): 3.20% (prev 2.10%)\n\t<\/li>\n<li>\n\t\tPBOC fixes yuan @ 6.6873 (prev fix 6.6727, prev close 6.6821)\n\t<\/li>\n<li>\n\t\tGoldman Sachs economist says 55% chance of September FOMC rate hike\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>CFTC Positioning Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tEUR 82K short versus 77K short last week\n\t<\/li>\n<li>\n\t\tGBP 92K short versus 95K short last week\n\t<\/li>\n<li>\n\t\tJPY 64K long versus 60K long last week\n\t<\/li>\n<li>\n\t\tCHF 8K long versus 1.8K long last week\n\t<\/li>\n<li>\n\t\tCAD 22K long versus 17K long last week\n\t<\/li>\n<li>\n\t\tAUD 43K long versus 43K long last week\n\t<\/li>\n<li>\n\t\tNZD 1.8K long vs 0.9K short last week\n\t<\/li>\n<\/ul>\n<p>\n\t<strong>Markets Update:<\/strong>\n<\/p>\n<p>\n\tThe US Dollar weakened in Asia after Friday&#39;s NFP number missed expectations. EUR\/USD opened around 1.1150 in Sydney and rose to a high of 1.1175. GBP\/USD rallied from 1.3290 to 1.3330 overnight, while USD\/JPY declined from 104.10 to 103.45.\n<\/p>\n<p>\n\tThe commodity currencies caught a bid amid the broad USD weakness. AUD\/USD rose from 0.7560 to 0.7605 and is up 0.50 % on the day. NZD\/USD made it from 0.7280 to 0.7340, a gain of 0.65 %. Meanwhile, USD\/CAD fell from 1.2995 to 1.2950.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t08:45 BST &#8211; Italian Services PMI\n\t<\/li>\n<li>\n\t\t08:50 BST &#8211; French Services PMI\n\t<\/li>\n<li>\n\t\t08:55 BST &#8211; German Services PMI\n\t<\/li>\n<li>\n\t\t09:00 BST &#8211; Euro Zone Services PMI\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Services PMI\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; Euro Zone Sentix Investor Confidence\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Euro Zone Retail Sales\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>The Week Ahead:<\/strong><br \/>\n<\/h4>\n<p>\n\t<u>Tuesday, September 6th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t05:30 BST &#8211; RBA Rate Decision\n\t<\/li>\n<li>\n\t\t06:45 BST &#8211; Swiss GDP\n\t<\/li>\n<li>\n\t\t08:15 BST &#8211; Swiss CPI\n\t<\/li>\n<li>\n\t\t10:00 BST &#8211; Euro Zone GDP\n\t<\/li>\n<li>\n\t\t14:45 BST &#8211; US Services PMI\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US ISM Non-Manufacturing PMI\n\t<\/li>\n<li>\n\t\t17:15 BST &#8211; SNB Chairman Jordan speaks\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Wednesday, September 7th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:30 BST &#8211; Australia AIG Construction Index\n\t<\/li>\n<li>\n\t\t02:15 BST &#8211; FOMC Member Williams speaks\n\t<\/li>\n<li>\n\t\t02:30 BST &#8211; Australia GDP\n\t<\/li>\n<li>\n\t\t06:00 BST &#8211; Japan Leading Index\n\t<\/li>\n<li>\n\t\t07:00 BST &#8211; German Industrial Production\n\t<\/li>\n<li>\n\t\t07:45 BST &#8211; French Trade Balance\n\t<\/li>\n<li>\n\t\t08:30 BST &#8211; UK Halifax House Price Index\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Industrial Production\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Manufacturing Production\n\t<\/li>\n<li>\n\t\t10:15 BST &#8211; BoE MPC Member Cunliffe speaks\n\t<\/li>\n<li>\n\t\t14:15 BST &#8211; Bank of England Governor Carney speaks\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; UK NIESR GDP Estimate\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US JOLTs Job Openings\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; Bank of Canada Interest Rate Decision\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; Canada Ivey PMI\n\t<\/li>\n<li>\n\t\t19:00 BST &#8211; US Beige Book\n\t<\/li>\n<li>\n\t\t23:55 BST &#8211; RBA Assistant Governor Lowe speaks\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Thursday, September 8th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t00:00 BST &#8211; UK RICS House Price Index\n\t<\/li>\n<li>\n\t\t00:50 BST &#8211; Japan GDP\n\t<\/li>\n<li>\n\t\t00:50 BST &#8211; Japan Current Account\n\t<\/li>\n<li>\n\t\t02:30 BST &#8211; Australia Trade Balance\n\t<\/li>\n<li>\n\t\t03:30 BST &#8211; China Trade Balance\n\t<\/li>\n<li>\n\t\t12:45 BST &#8211; ECB Rate Decision\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; ECB President Draghi speaks\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; US Initial Jobless Claims\n\t<\/li>\n<li>\n\t\t15:00 BST &#8211; US Crude Oil Inventories\n\t<\/li>\n<\/ul>\n<p>\n\t<u>Friday, September 9th<\/u>\n<\/p>\n<ul>\n<li>\n\t\t02:30 BST &#8211; Australia Home Loans\n\t<\/li>\n<li>\n\t\t02:30 BST &#8211; China CPI\n\t<\/li>\n<li>\n\t\t02:30 BST &#8211; China PPI\n\t<\/li>\n<li>\n\t\t06:45 BST &#8211; Swiss Unemployment Rate\n\t<\/li>\n<li>\n\t\t07:00 BST &#8211; German Trade Balance\n\t<\/li>\n<li>\n\t\t07:45 BST &#8211; French Industrial Production\n\t<\/li>\n<li>\n\t\t09:30 BST &#8211; UK Trade Balance\n\t<\/li>\n<li>\n\t\t13:15 BST &#8211; Canada Housing Starts\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Canada Employment Change\n\t<\/li>\n<li>\n\t\t13:30 BST &#8211; Canada Unemployment Rate\n\t<\/li>\n<li>\n\t\t20:30 BST &#8211; CFTC Positioning Data\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.95 %, Shanghai Composite gained 0.20 %, Hang Seng rose 1.60 %, ASX 200 rallied 1.10 % Commodities: Gold at $1328 (-0.05 %), Silver at $19.43 (-0.20 %), WTI Oil at $44.20 (+0.15 %), Brent Oil at $46.65 (-0.45 %) Rates: US 10 year yield at 1.61, UK &hellip; <a href=\"https:\/\/ic-ch-asia.com\/blog\/monday-5th-september-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 5th September: European Open Briefing<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":12469,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-18086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/18086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/comments?post=18086"}],"version-history":[{"count":1,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/18086\/revisions"}],"predecessor-version":[{"id":18087,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/posts\/18086\/revisions\/18087"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/media\/12469"}],"wp:attachment":[{"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=18086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=18086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-ch-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=18086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}